Question: Dynamic Pricing works through Algorithmic Pricing, which determines what price to deliver based on different variables like your location, time of day, traffic patterns and
Dynamic Pricing works through Algorithmic Pricing, which determines what price to deliver based on different variables like your location, time of day, traffic patterns and even your user history with Uber. This data is collected, and the algorithm predicts the top price that you are most likely willing to pay. This "willingness to pay" algorithm can determine how likely you are to agree to the price of the ride at the current time. The results of the determining get incorporated into demand predictions by micro-segments and ultimately determines what price to set the ride at each time."
Question: Is "dynamic pricing" another form of price discrimination? Are consumers and producers better off with dynamic pricing? Explain your reasoning in details
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